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#Home Textiles

Culp reports improved operating results in Q2 as restructuring gains traction

Culp, Inc., a major supplier of mattress and upholstery fabrics, reported its fiscal Q2 2026 results with signs of operational improvement despite continued weakness in the global home furnishings market. Consolidated sales reached USD 53.2 million, slightly above the previous quarter, with the bedding segment growing both sequentially and year-over-year.

The company continued to benefit from its multi-phase restructuring program, which has strengthened gross margins and reduced costs across the business. Adjusted operating loss improved to USD –2.0 million (previous year: –2.6 million), while SG&A expenses decreased by around 7%. Culp expects to realize more than USD 20 million in annualized cost savings by fiscal 2027.

The restructured bedding division was a key driver of progress: gross profit in this segment rose 27% year-over-year as efficiency measures took hold and market share increased in knit fabrics and sewn covers. Management sees early signs of stabilization in the bedding market.

Upholstery fabrics remained under pressure due to weak housing demand and tariff volatility, though margins held steady in the U.S. market. Additional footprint reductions in China and integration initiatives are expected to support profitability in the second half of the year.

CEO Iv Culp highlighted the company’s focus on platform optimization, pricing actions in response to new tariffs, and disciplined liquidity management. “We are in the homestretch of a comprehensive transformation designed to generate sustained profitability across industry cycles,” he said.

For the remainder of fiscal 2026, Culp anticipates steady sales, improving margins and SG&A efficiency, and near breakeven to positive adjusted EBITDA in Q3.



More News from Culp Inc.

#Textiles & Apparel / Garment

Culp reports FY2025 results and completes restructuring to support future growth

Culp, Inc. (NYSE: CULP), a leading supplier of fabrics for bedding and upholstered furniture, has reported its financial results for the fourth quarter and full fiscal year ended April 27, 2025. Despite continued macroeconomic and tariff-related challenges, the company completed its restructuring plan and entered fiscal 2026 with a leaner, more efficient operating model.

#Home Textiles

Culp announces strategic transformation of operating model following completion of restructuring initiatives

Culp, Inc. (NYSE: CULP), a leading provider of fabrics for bedding and upholstery fabrics for residential and commercial furniture, today announced the strategic transformation of its operating model to further position the Company for flexibility and growth. The Company will combine its two stand-alone operating divisions, Culp Upholstery Fabrics and Culp Home Fashions, into a single, integrated business designed to optimize operational agility and collaboration, further streamline costs and processes across its business, and, most importantly, increase responsiveness to customer needs and market trends.

#Textiles & Apparel / Garment

Culp names Mary Beth Hunsberger as President of Culp Upholstery Fabrics

Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today announced that its board of directors has named Mary Beth Hunsberger as President of Culp Upholstery Fabrics, effective July 27, 2024, following the planned succession of retiring division president, Boyd Chumbley. Hunsberger joined CULP in January 2024 as the Executive Vice President of the division and has worked closely with Chumbley over the past six months.

More News on Home Textiles

#Yarns

Durak Tekstil to showcase its innovations for mattress industry at ISPA EXPO 2026

Durak Tekstil threads that meet the standards required for high-quality, long-lasting and comfortable products demanded by the mattress industry, while also offering new possibilities, will be exhibited at ISPA EXPO 2026. The fact that the fair is being held in the U.S.—one of Durak Tekstil’s key target markets—also carries great significance.

#Home Textiles

‘Crucial for sourcing’ why buyers plan to return for Intertextile Shanghai Home Textiles – Spring Edition 2026

From 11 – 13 March 2026, Intertextile Shanghai Home Textiles – Spring Edition will return to National Exhibition and Convention Center, with a strong lineup of exhibitors set to present new products and collections. As one of the region’s key platforms for home textile trade, the fair attracts numerous buyers each spring who rely on the show to refresh assortments across contract spaces and every corner of the home, from bedroom and bathroom to living, dining, and outdoor.

#Dyeing, Drying, Finishing

Monforts customers make strong showing at Heimtextil 2026

Monforts dyeing and finishing technology customers from Pakistan had a formidable presence at the Heimtextil 2026 home and contract textiles exhibition which attracted over 48,000 visitors to Frankfurt in Germany this month (January 13-16).

#Heimtextil 2026

Confidence driving the textile industry: Heimtextil 2026 sharpened its global market relevance by attracting more top-level decision-makers

With 148 participating nations, rising global relevance and a marked increase in visitor quality, Heimtextil 2026 stood for stability and reliability in a volatile market environment. Once again, 3,000 exhibitors from across the globe placed their trust in the industry’s central platform in Frankfurt, presenting current collections, materials and textile solutions for holistic interior design to over 48,000 buyers. Under the motto “Lead the Change”, Heimtextil brought evolving market dynamics, Artificial Intelligence (AI) and new business opportunities to life.

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#Recycling / Circular Economy

Circulose restarts commercial-scale production at Ortviken plant in Sundsvall

Circulose today announced the restart of its commercial-scale production plant at Ortviken in Sundsvall, Sweden, marking a significant step in scaling next-generation materials for the global fashion industry. The company plans to resume production of CIRCULOSE®, a recycled pulp made entirely from discarded cotton textiles, in the fourth quarter of 2026.

#Textiles & Apparel / Garment

VIATT 2026 to debut German Pavilion, strengthening European participation alongside key Asian textile hubs

Vietnam’s textile and garment sector continues to be a major contributor to the country’s economic growth, with export revenues expected to reach USD 46 billion in 2025, a 5.6% increase from 2024 . From 26 – 28 February, the Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) is set to contribute to economic growth opportunities by accelerating digital transformation and green transition across the entire textile value chain. The upcoming edition will respond to the rising demand for advanced technologies and sustainable materials with the introduction of the German Pavilion, alongside strong exhibitor participation from key Asian sectors, as well as several high-profile fringe events.

#Sustainability

Ying McGuire becomes new CEO of Cascale

Cascale today announced the appointment of Ying McGuire as Chief Executive Officer, effective June 1, 2026.

#Technical Textiles

Sustainable, lightweight, and sound absorbing: Polyester-based front trunk solution for BEVs

As car manufacturers look to further reduce their carbon footprint, Autoneum has developed an innovative front trunk solution for battery electric vehicles (BEVs), made entirely from polyester-based textile. The Ultra-Silent Frunk offers significant weight reduction, improved acoustic and thermal insulation, and uses up to 70 percent recycled material, supporting sustainable and efficient vehicle design. Autoneum, global technology leader in acoustic and thermal management for vehicles, has already received orders for the new frunk from three major OEMs in Asia and Europe to be built in three BEV models. Series production for two BEVs has been underway in China and Germany since last year.

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